Corn Market News and Commentary

Corn futures are currently 1 to 2 3/4 cents lower at midday, feeling pressure from the rest of the grain complex and ethanol. USDA announced a private export sale of 138,000 MT of optional origin corn to South Korea for 18/19 delivery through their daily reporting system this morning. USDA is planning to release data from the delayed January 11 reports on February 8. That would include the final production number, along with the Dec 1 Grain Stocks report. Brazil corn production is estimated at 90.5 MMT according to Dr. Michael Cordonnier, down 0.5 MMT from his previous number.

Mar 19 Corn is at $3.77, down 2 3/4 cents,

May 19 Corn is at $3.85 3/4, down 2 1/2 cents,

Jul 19 Corn is at $3.93 1/2, down 2 3/4 cents

Sep 19 Corn is at $3.95 3/4, down 2 3/4 cents

--provided by Brugler Marketing & Management




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